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Some people, seeing that emerging market and developing countries have experienced growth setbacks, assert that the BRICS countries are losing their luster. It is true that affected by complex internal and external environments, we BRICS countries have encountered headwinds of varying intensity. But the growth potential and trend of our countries remain unchanged, and we are fully confident about it.

The meeting decided that the government will roll out a host of reform measures that have been piloted in eight areas, including the Beijing-Tianjin-Hebei region, Shanghai and the Pearl River Delta, since June 2016.

Last week, the company published a plan to introduce new investment mainly by issuing shares to buyers including China Life and Tencent, but soon withdrew all filings with Shanghai Stock Exchange citing "technical reasons." Analysts believed the plan may breach a 20-percent cap for listed companies issuing new non-public shares.

MISSION A MUST

The major achievements also mean that socialism with Chinese characteristics has expanded the pathway to modernization for developing countries, thus providing Chinese wisdom and Chinese solutions to problems facing mankind, Xi said.